Release date: 30 March 2017
Promoter – Financial Intermediary
Banco Santander SALocation
Description
The purpose of this facility is to finance eligible investment carried out by irrigation user communities having the status of a 'body governed by public law' in Spain. The projects to be funded by the financial intermediaries involve the upgrading of the current infrastructure for higher efficiency in water and energy use and open a valuable option to farmers to improve the resource footprint of crop production.
Objectives
Financing of small/medium projects carried out by bodies governed by public law
Sector(s)
- Water, sewerage - Agriculture, forestry and fishing
Proposed EIB finance (Approximate amount)
EUR 12 million
Total cost (Approximate amount)
not applicable
Environmental aspects
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Procurement
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Status
Signed - 20/11/2017
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).